Job Details

Commercial Appraisal Specialist

The Commercial Appraisal Specialist will act as the subject matter expertise as a Certified General Appraiser in support of commercial real estate appraisal and evaluation workflow within the bank. Act as a resource to Relationship Managers and Loan Coordinators pertaining to best practices and specialized guidance related to their involvement in scoping, ordering, and/or performing evaluations.

Essential Duties and Responsibilities:

• Serve as job manager for appraisals to include vendor selection, engagement, tracking, review, revision and reconsideration of value handling, and internal communication regarding appraisal outcomes.
• Fulfill stringent client loan closing deadlines, which includes completing the related appraisal reviews and evaluation reviews, according to department service level agreements.
• Initiate new appraisal bids, facilitate appraiser engagement, actively manage all assigned jobs, and process all completed jobs according to department protocols.
• Communicate on a daily basis with Relationship Manager's, Loan Coordinators and staff regarding status of appraisal orders and the flow of appraisal related information.
• Ensure that all communication occurs within the YouConnect platform, and that Appraiser Independence Requirements are honored.
• Perform and certify assigned appraisal and evaluation reviews competently.
• Mediate appraisal related conflicts presented by Relationship Managers according to Reconsideration of Value (ROV) guidance.
• Engage continuing education and industry news to remain current with regard to appraisal related regulations.

Position may involve training and/or supervision of Junior Commercial Appraisal Specialist(s)

Qualifications:

• Deep understanding of USPAP (Uniform Standards of Professional Appraisal Practice), particularly with respect to Standards 3 and 4.
• Knowledge of Federal and state laws, FDIC regulation and guidance, and SBA appraisal requirements, related to appraisal and evaluation policy and practice.
• Demonstrated ability to work well with department counterparts, internal customers, external customers, and third-party vendors.
• Strong oral and written communication skills, capable of translating complex appraisal terminology into layman's terms.
• Review disposition - technical and constructive, with an emphasis on education and problem-solving.
• Flexibility required - must be able to multitask and provide service as needed, while also maintaining continuity of the review process.

Education: High School or Bachelors

Experience: 3 years of appraisal review experience within an FDIC regulated institution

Technology: Proficient in Microsoft office suite

Ability to engage YouConnect, an appraisal management technology platform

Certificates, Licenses and Registrations: Appraisal industry designation

Possess and maintain Certified General Appraiser license in good standing

Equal Opportunity Statement: Enterprise Bank & Trust is committed to helping individuals with disabilities participate in the workforce and ensuring equal opportunity to apply and compete for jobs. If you need an accommodation in order to apply for a position at Enterprise Bank & Trust please contact Human Resources.